Lido DAO Aims to Buy $20 Million in LDO After Price Plunge

Kenneth Rogoff's recent statements on Bitcoin have stirred controversy, with his past predictions of Bitcoin's failure being called into question. Despite his previous views, Rogoff now faces criticism for his stance on Bitcoin and cryptocurrency regulation.

Morning Minute, a newsletter by Tyler Warner, reports on the crypto market, stablecoin FRNT, Goldman Sachs' prediction, Bullish's IPO funds, and Robinhood's NFL partnership. Ghost Month, a superstitious period in Asia, historically sees Bitcoin prices drop by an average of 12%.

Bitcoin exchange-traded funds experienced significant outflows totaling $645 million over two trading sessions, with Fidelity's FBTC leading the exodus. Analysts attribute the withdrawals to investors scaling back risk ahead of key events like the Jackson Hole meeting.

Blockchain.com, a key player in the crypto industry since 2015, has made strategic board appointments, including former KPMG CEO and JP Morgan director Timothy Flynn. The firm declined to comment on reports that it is considering an IPO.

Anthony Scaramucci, founder of SkyBridge Capital, "cautiously" predicted that Bitcoin would reach between $180,000 and $200,000 in 2025 due to supply-demand dynamics and institutional adoption. He believes institutional investment will likely flow into Bitcoin ETFs rather than corporate investment vehicles like Strategy.

Eddy Alexandre and EminiFX must pay $228.5 million in restitution to over 25,000 investors for running a fraudulent crypto Ponzi scheme. Alexandre, sentenced to nine years in prison, failed to dispute the fraud claims, leading to the court's ruling.

Wilder World introduced a high-intensity shooter game mode in "super early access" at Gamescom. The PC-based shooter is a 10-player free-for-all deathmatch set in a fragment of Wiami, a 1:1 recreation of Miami. A $100,000 tournament is being held with qualifiers and playoffs leading to an in-person final.

Three NYSE-listed companies under AMTD Group proposed a crypto-for-stock conversion program allowing holders to exchange Bitcoin, Ethereum, USDT, BNB, and USDC for newly issued shares. The program aims to bridge the gap between crypto assets and a leading stock exchange, offering portfolio diversification opportunities.

Global banking regulators are being urged by financial industry associations to halt the implementation of upcoming crypto rules due to concerns that they will hinder banks' participation in the digital asset market. The rules, set to take effect in January 2026, could make crypto activities unfeasible for banks, potentially leading to a bifurcated market structure.

Ethereum is facing macroeconomic uncertainty with a significant staking supply unlock approaching, causing a drop in active addresses and network growth. The exit queue on the Proof-Of-Stake network is at a record high, indicating stakers are looking to unstake their tokens.